Labuan Limited Partnerships and Limited Liability Partnerships Act 2010 s 57
s 57 Power of partner to bind the Labuan limited liability partnership
(1) Every partner of a Labuan limited liability partnership is the agent of the Labuan limited liability partnership and accordingly, the acts of a partner in the partner’s capacity as a partner shall bind the Labuan limited liability partnership.
(2) Notwithstanding subsection (1), a Labuan limited liability partnership is not bound by anything done by a partner in dealing with a person if—
(a) the partner has in fact no authority to act for the Labuan limited liability partnership in that dealing; and
(b) the person knows that the partner has no authority or does not know or believe that partner to be a partner of the Labuan limited liability partnership.
(3) Where a person has ceased to be a partner of a Labuan limited liability partnership, that person is to be regarded, in relation to any person dealing with the Labuan limited liability partnership, as still being a partner of the Labuan limited liability partnership unless—
(a) the person dealing with the Labuan limited liability partnership has notice that the former partner has ceased to be a partner of the Labuan limited liability partnership; or
(b) a notice that the former partner has ceased to be a partner of the Labuan limited liability partnership has been delivered to the Authority.
(4) For the purposes of subsection (2), no person is deemed to have notice of any lack of authority of a partner by reason only that the fact is made available by the Authority for inspection.
Malay text (authoritative)
Kuasa pekongsi untuk mengikat perkongsian liabiliti terhad Labuan
(1) Tiap-tiap pekongsi sesuatu perkongsian liabiliti terhad Labuan ialah ejen bagi perkongsian liabiliti terhad Labuan itu dan oleh yang demikian, perbuatan seseorang pekongsi atas sifat pekongsi itu sebagai pekongsi hendaklah mengikat perkongsian liabiliti terhad Labuan itu.
(2) Walau apa pun subseksyen (1), sesuatu perkongsian liabiliti terhad Labuan tidak terikat dengan apa-apa jua yang dilakukan oleh pekongsi dalam berurusan dengan seseorang jika—
(a) pekongsi itu pada hakikatnya tidak mempunyai kuasa untuk bertindak bagi perkongsian liabiliti terhad Labuan itu dalam urusan itu; dan
(b) orang itu mengetahui bahawa pekongsi itu tidak mempunyai kuasa atau tidak mengetahui atau tidak mempercayai bahawa pekongsi itu ialah seorang pekongsi perkongsian liabiliti terhad Labuan itu.
(3) Jika seseorang itu telah terhenti menjadi pekongsi sesuatu perkongsian liabiliti terhad Labuan, orang itu dianggap, berhubung dengan mana-mana orang yang berurusan dengan perkongsian liabiliti terhad Labuan itu, masih menjadi pekongsi perkongsian liabiliti terhad Labuan itu melainkan jika—
(a) orang yang berurusan dengan perkongsian liabiliti terhad Labuan itu mempunyai notis bahawa bekas pekongsi itu telah terhenti menjadi seorang pekongsi perkongsian liabiliti terhad Labuan itu; atau
(b) suatu notis bahawa bekas pekongsi itu telah terhenti menjadi seorang pekongsi perkongsian liabiliti terhad Labuan itu telah diserahkan kepada Lembaga.
(4) Bagi maksud subseksyen (2), tiada seorang pun disifatkan mempunyai notis mengenai apa-apa kekurangan kuasa seseorang pekongsi hanya kerana hakikat itu dijadikan tersedia oleh Lembaga untuk diperiksa.
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Find Act 707 on lom.agc.gov.my ↗
Text as at 1 July 2023 (LOM reprint); amendments made after that date may not be incorporated.
Source: Laws of Malaysia, Attorney General's Chambers of Malaysia (lom.agc.gov.my). Not a copy of the Gazette printed by the Government Printer (Interpretation Acts 1948 and 1967, s 61).
